HIX vs. FRIAX
Compare and contrast key facts about Western Asset High Income Fund II (HIX) and Franklin Income Fund Advisor Class (FRIAX).
HIX is a passively managed fund by Franklin Templeton that tracks the performance of the . It was launched on May 28, 1998. FRIAX is managed by Franklin Templeton. It was launched on Aug 28, 1997.
Performance
HIX vs. FRIAX - Performance Comparison
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HIX vs. FRIAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HIX Western Asset High Income Fund II | -0.88% | 13.56% | -1.32% | 15.72% | -24.60% | 13.02% | 12.36% | 27.26% | -9.99% | 7.13% |
FRIAX Franklin Income Fund Advisor Class | 2.21% | 12.02% | 7.29% | 8.84% | -5.36% | 17.51% | 3.72% | 16.02% | -5.23% | 8.63% |
Returns By Period
In the year-to-date period, HIX achieves a -0.88% return, which is significantly lower than FRIAX's 2.21% return. Over the past 10 years, HIX has underperformed FRIAX with an annualized return of 5.73%, while FRIAX has yielded a comparatively higher 7.73% annualized return.
HIX
- 1D
- 5.57%
- 1M
- -3.36%
- YTD
- -0.88%
- 6M
- -1.81%
- 1Y
- 9.56%
- 3Y*
- 7.57%
- 5Y*
- 1.20%
- 10Y*
- 5.73%
FRIAX
- 1D
- 0.40%
- 1M
- -2.67%
- YTD
- 2.21%
- 6M
- 4.79%
- 1Y
- 11.92%
- 3Y*
- 9.16%
- 5Y*
- 6.70%
- 10Y*
- 7.73%
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HIX vs. FRIAX - Expense Ratio Comparison
HIX has a 3.70% expense ratio, which is higher than FRIAX's 0.46% expense ratio.
Return for Risk
HIX vs. FRIAX — Risk / Return Rank
HIX
FRIAX
HIX vs. FRIAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Western Asset High Income Fund II (HIX) and Franklin Income Fund Advisor Class (FRIAX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| HIX | FRIAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.64 | 1.65 | -1.02 |
Sortino ratioReturn per unit of downside risk | 0.95 | 2.39 | -1.43 |
Omega ratioGain probability vs. loss probability | 1.14 | 1.40 | -0.25 |
Calmar ratioReturn relative to maximum drawdown | 0.82 | 1.87 | -1.05 |
Martin ratioReturn relative to average drawdown | 3.10 | 9.19 | -6.09 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| HIX | FRIAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.64 | 1.65 | -1.02 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.07 | 0.84 | -0.77 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.32 | 0.83 | -0.51 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.32 | 0.79 | -0.47 |
Correlation
The correlation between HIX and FRIAX is 0.36, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
HIX vs. FRIAX - Dividend Comparison
HIX's dividend yield for the trailing twelve months is around 14.77%, more than FRIAX's 5.75% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HIX Western Asset High Income Fund II | 14.77% | 14.13% | 13.95% | 11.85% | 12.15% | 8.21% | 8.53% | 8.28% | 9.50% | 8.73% | 10.53% | 13.12% |
FRIAX Franklin Income Fund Advisor Class | 5.75% | 5.75% | 5.74% | 5.67% | 5.24% | 6.70% | 5.37% | 5.25% | 5.80% | 5.20% | 4.92% | 5.93% |
Drawdowns
HIX vs. FRIAX - Drawdown Comparison
The maximum HIX drawdown since its inception was -61.03%, which is greater than FRIAX's maximum drawdown of -43.23%. Use the drawdown chart below to compare losses from any high point for HIX and FRIAX.
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Drawdown Indicators
| HIX | FRIAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -61.03% | -43.23% | -17.80% |
Max Drawdown (1Y)Largest decline over 1 year | -11.07% | -6.38% | -4.69% |
Max Drawdown (5Y)Largest decline over 5 years | -38.75% | -13.63% | -25.12% |
Max Drawdown (10Y)Largest decline over 10 years | -44.77% | -24.10% | -20.67% |
Current DrawdownCurrent decline from peak | -7.38% | -2.67% | -4.71% |
Average DrawdownAverage peak-to-trough decline | -8.94% | -3.94% | -5.00% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.91% | 1.30% | +1.61% |
Volatility
HIX vs. FRIAX - Volatility Comparison
Western Asset High Income Fund II (HIX) has a higher volatility of 7.56% compared to Franklin Income Fund Advisor Class (FRIAX) at 2.10%. This indicates that HIX's price experiences larger fluctuations and is considered to be riskier than FRIAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HIX | FRIAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.56% | 2.10% | +5.46% |
Volatility (6M)Calculated over the trailing 6-month period | 10.78% | 3.83% | +6.95% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.12% | 7.55% | +7.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.95% | 8.03% | +8.92% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.10% | 9.34% | +8.76% |